Examples of Initial Funded Research Period in a sentence
If the Initial Funded Research Period is extended, the Research Term shall be extended by the same time period.
The Parties may agree to extend the Research Collaboration by extending the Initial Funded Research Period.
For example, if the Parties agree to extend the Initial Funded Research Period by eighteen (18) months, then the Research Term shall likewise be extended for eighteen (18) months for all purposes under this Agreement.
The Parties may extend the Research Term by extending the Initial Funded Research Period as set forth in Section 9.2.2.
The Parties may agree to extend the Research Term by extending the Initial Funded Research Period as explained in further detail in Section 9.2.2 below.
CONFIDENTIAL TREATMENT REQUESTEDBACE RESEARCH COLLABORATION AND LICENSE AGREEMENTpercent (50%) of any Third Party Payment obligation that is based directly on or arises solely as a result of Vitae’s conduct of the Research Collaboration during the Initial Funded Research Period.
BI shall have the right to terminate this Agreement on the first anniversary of the Effective Date by providing written notice ninety (90) days’ prior to such first anniversary date, provided that BI shall pay Vitae the balance of the amount of the committed research funding payments for the first two years of the Initial Funded Research Period as set forth in Section 9.2.1 not paid by BI prior to such termination.
In the event this Agreement is terminated by either Party for any reason prior to or at the end of the Initial Funded Research Period, each Party shall, within thirty (30) days after such termination becomes effective, provide the other Party with half of the BI Synthesized Compounds or Vitae Synthesized Compounds as set forth in Section 4.5.
BI shall notify Vitae in writing at least ninety (90) days prior to the end of the Initial Funded Research Period (including any extensions) as to whether BI desires to continue funding Vitae FTE’s, as well as the number of FTE’s that BI intends to fund during the extended Initial Funded Research Period.
BI shall notify Vitae in writing at least ninety (90) days prior to the end of the Initial Funded Research Period (including any extensions) as to whether BI desires to continue funding Vitae FTEs, as well as the number of FTEs that BI intends to fund during the extended Initial Funded Research Period.